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Getting the Highest Price in the Shortest Time
In order to get the highest price in the shortest time, you need
to know how to market your home. Exit Twin Advantage Realty
are the experts at the real estate marketing process. The better
you market your home, the more offers you will get. And the
more offers you get, the more choices you have to get the price
and terms you want.
The most important factor of marketing your home is pricing it
right. Your price should be adjusted to reflect the market, and
the property's worth. The key is to get many people checking
out your property at a fair price instead of having no buyers
because your price is set to high.
Another important factor is the condition of your home. Make
sure that your home looks ready to be sold. Fix any defects
(peeling or faded paint, cracks, stains, etc.) Condition alone
can sometimes prompt fast buying decisions. Not only should
you fix any defects, but consider upgrading your home by
making major repairs and cosmetic improvements before selling.
A nice looking home triggers the emotional response that can lead
to a favorable sale.
Exit Twin Advantage Realty will negotiate the best terms for all
parties involved. Terms are another factor which may be adjusted
to attract buyers. If you insist on getting your asking price, think
of what you can offer to the buyers, for example, improvements
you've made, or even offering seller financing at a lower than
market interest rate on a portion of the sale price.
Lastly, get the buzz out about your home. List your house with
Exit Twin Advantage Realty to ensure your house is listed on the
MLS, Internet and in real estate magazines. On your own, get the
word out. Tell your friends and family and encourage them to tell
their friends and family. Get an Exit Twin Advantage Realty
FOR SALE sign up ASAP to notify the neighborhood and passers-by.
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Make a Good First Impression
If you want buyers to be interested in your home, you need to show it in
its best light. A good first impression can influence a buyer into making an
offer; it influences a buyer emotionally and visually. In addition, what the
buyer first sees is what they think of when they consider the asking price.
Ask around for the opinions others have of your home. Agents from Exit Twin
Advantage Realty see houses everyday and can give solid advice on what
needs to be done. What you need are objective opinions, and it's sometimes
hard to separate the personal and emotional ties you have for the home from
the property itself.
Typically, there are some general fix ups that need to be done both outside
and on the inside. As a seller, you should consider the following:
- Landscaping - Has the front yard been maintained? Are areas of the house
visible to the street in good condition? Make sure your backyard is in good
condition as well.
- Cleaning - is your home and garage cluttered with papers, toys, tools,
trash etc.?
- Painting - Does both the exterior and the interior look like they have been
well taken care of?
- Carpeting - Does the carpet have stains? Or does the carpet look old
and dirty?
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Know Why You are Selling
If you know exactly why you are selling, then it is easier for you to
set the right plan of action to get what it is that you want.
If you are a seller who needs to close a sale as quickly as possible,
then you should know that getting the highest price possible is not
one of your priorities. It does not mean that you won't or cannot
get the highest price, but it means that the price is not the deciding
factor. A buyer who can give you a quick closing time will appeal
much more to you than a buyer who can offer you more money
but the negotiation and closing time drag on.
It's always good to know how low you will go, in terms of selling
price. This will help to eliminate some of the offers that you find
simply offensive or ridiculous. Even though you should consider all
offers seriously and take into consideration the terms of each offer,
sometimes, if you know the bottom line and are strict about it,
you can save yourself time.
Once you know what your limits and reasons are, discuss them
with your agent so that they can help you set your goals realistically.
Exit Twin Advantage Realty can research the current market, and
you get the proper advice you need in terms of legal issues, etc.
The key is to be realistic and to know what your goals are so that
they can be met.
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Setting the Price
The price is the first thing buyers notice about your property. If you set your
price too high, then the chance of alienating buyers is higher. You want your
house to be taken seriously, and the asking price reflects how serious you
are about selling your home.
Several factors will contribute to your final decision. First, you should
compare your house to others that are in the market. Exit Twin Advantage
Realty will provide you with a CMA. The CMA will reflect the following:
- Houses in your price range and area sold within the last half-year
Asking and selling prices of houses
- Current inventory of houses on the market
Features of each house on the market
- From the CMA, you will find out the difference between the asking price and
selling price for all homes sold, the condition of the market, and other houses
comparable to yours.
- Also, try to find out what types of houses are selling and see if it applies to
your area. Buyers follow trends, and these trends can help you set your price.
- Always be realistic. And understand and set your price to reflect the current
market situation.
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